Ocwen Financial

Ocwen Financial Stock Plummets After Reporting $14 Million Loss

Ocwen Financial Stock Plummets Faster Than Contestants On A Japanese Game Show. Is New Boss From PHH To Blame? Ocwen Financial saw its stock plummet last week by more than 17%. The company reported a net loss of $41 million or $0.31 per share for the third quarter of 2018. Ocwen Financial shareholders wonder if […]

Deutsche Bank

Deutsche Bank Forced To Pay $2M To Homeowner

Deutsche Bank Secretly Forecloses On A Homeowner With No Mortgage And Then Tries To Paint The Homeowners As “Land Barons” Jason and Liz Norman bought a 120-year-old farmhouse for $50,000 from Deutsche Bank. They also spent two years and $40,000 renovating it themselves.  Jason and Liz Norman discovered the property was valued at $230,000. So […]


As Ocwen Downsizes, It Faces Delisting On NYSE

After Unloading nearly $64.4 Billion In Servicing Rights, Ocwen Still Faces Problems Last week on the heels of Ocwen’s announcement that it was selling $45 Billion in mortgage servicing rights to JPMorgan Chase, Ocwen announced it was selling $9.6 Billion in servicing rights to Walter Investment Management Corporation, the parent company of Green Tree Loan Servicing.  This is on […]


MBS Trusts Abandon Ocwen Like Rats From A Sinking Ship

Ocwen Under Fire For Mishandling Mortgages They Service Last month the bondholders of 25% Voting Rights in 119 Residential Mortgage Backed Securities Trusts with an original balance of more than $82 billion issued a Notice of Non-Performance to the Trustees of those Trusts,Securities Administrators, and/or Master Servicers, regarding the material failures of Ocwen Financial Corporation […]

Andrew Cuomo Body Slams Wells Fargo

Wells Fargo Must Pay $4 Million For Credit Card Violations   More Than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and provide approximately $2 million in direct consumer restitution payments for violations uncovered by a […]

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